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we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world, economists on both sides of the aisle, know the greatest threat to our country is fiscal solve advancecy. the minority party is trying to leverage the country into doing something great for our nation. it's a unique time and i hope the president soon will see the light. >> joining me the chris wallace. good morning. >> good morning, jamie. >> interesting interviews with optimism. do you think that -- they really believe a deal will happen and is each side willing to make a move? >> well, both senators said they thought there would be a deal before the end of the year. i'm not sure it's going to be the grand barg
we have optimism that our elected officials will rise to the occasion. >> i think everyone realizes how important it is. our economy is moving up some. not fast but some, and to go over the cliff would be terrible. i think we'll get an agreement. the reason i think we'll get an agreement, what's standing in the way is revenues, particularly making that top rate go up to 39.6 but we're seeing real progress. >> a unique moment in history where every developed country in the world,...
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Dec 5, 2012
12/12
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i was re-elected. the american people understand that we have a serious fiscal challenge in our country. we want to meet obligations to the seniors. we have work to do. we have committed to spending cuts. we need the republicans to commit to some revenue while protecting and strengthening the middle class. protect the tax cuts of the middle class and expand opportunity for success in the country, that we really work toward economic growth the right way and a partner. it's got to be spending cuts and revenue. >> what do you feel about this proposal, if you will, that's been floated out by some to deal with the tax cuts now and deal with the other issues of medicare and i bring0u$ medicae because you have concerns about co-pay and other issues that could affect a number of people, not just in your state but of course we know throughout. >> there are a number of issues facing us. i think it's very important to extend the middle class tax cuts and it's great if it's true but we haven't heard speaker boehn
i was re-elected. the american people understand that we have a serious fiscal challenge in our country. we want to meet obligations to the seniors. we have work to do. we have committed to spending cuts. we need the republicans to commit to some revenue while protecting and strengthening the middle class. protect the tax cuts of the middle class and expand opportunity for success in the country, that we really work toward economic growth the right way and a partner. it's got to be spending...
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Dec 3, 2012
12/12
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this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in added revenue over a ten-year period. we are spending over a trillion dollars in debt every year and not putting anything into it. the republicans have been down the road before where they have been promised three for one, and it never happens. i think they are beginning to realize until it's actually on the table and signed off on by all sides they aren't going to buy into it. >> senator, did the president in this offer with so little in spending cuts and tax reform, the debt limit, did he overplay his hand or is he being rea
this was a status quo election. the president had a great re-election and the republicans held the house and democrats the senate. they have to sit down and do negotiate. it's not boehner versus geithner. it's can the house republicans buy a plan that they cancel to their members. and will the senate go along and if so will the president sign it. until you get in a room and discuss the elements you get people talking at each other with some absurdity. we are talking about $85 billion a year in...
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Dec 2, 2012
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you know we have seven weeks between election day and the end of the year. three of those weeks have been wasted with this nonsense. >> reporter: here is what has the speaker flabbergasted. the white house would like to raise tax rates on top earners to where they were in the clinton administration, 39.6%. they would also like to raise $1.6 trillion with new taxes over the next decade, while cutting about $400 billion through entitlement reform. although, those cuts are not specific and not guaranteed. but the treasury secretary says the administration's plan is fiscally responsible and would prevent taxes from going up on 98% of americans. >> we think that is a very good set of proposals. we think it's good for the economy. if they have different suggestions they want to go further in some areas, then they should lay odds with us. >> reporter: secretary geithner said he cannot promise we will not go over the fiscal cliff and whether or not we go over it depends -- is a decision, rather, that lay in the hands of republicans that don't want to increase tax ra
you know we have seven weeks between election day and the end of the year. three of those weeks have been wasted with this nonsense. >> reporter: here is what has the speaker flabbergasted. the white house would like to raise tax rates on top earners to where they were in the clinton administration, 39.6%. they would also like to raise $1.6 trillion with new taxes over the next decade, while cutting about $400 billion through entitlement reform. although, those cuts are not specific and...
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imagine the first democratically elected president it egypt, who happened tt be muslim brotherhood and forced out that demonstrated against him are more liberal. middle society, women, labor and minorities. that is indicative morsi is not representative of the consensus that we thought he would represent and that is the crisis that will be on for a long period of time. melissa: as we watch all these pictures go by and we know how some people feel about the west and america and especially morsi, we considered the idea we're sending $1.6 billion in aid to egypt every year. now europe is calling on the u.s. to stop that. what do you think about that? what is our best move at this point? >> well, let's remember that those 1.6 more or less billion dollars that we've been sending to the egyptian government, to mubarak for last 30 years or so, were sent for egypt to protect the peace with israel. to make sure the suez canal is always open for international trade and maintain security and friendship with the united states. now that morsi and the muslim brotherhood and salafists allies have for
imagine the first democratically elected president it egypt, who happened tt be muslim brotherhood and forced out that demonstrated against him are more liberal. middle society, women, labor and minorities. that is indicative morsi is not representative of the consensus that we thought he would represent and that is the crisis that will be on for a long period of time. melissa: as we watch all these pictures go by and we know how some people feel about the west and america and especially morsi,...
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we have not seen him since the election. we have spoken about them, scene of you rumors about in. the new republican party. in answer, kinder party? we will find out. he will be on the job. have a good night. ♪ melissa: i'm melissa francis. here's what's "money" tonight. the aarp lashing out against proposed medicare reform but it may be trying to save its own skin. generati for america president chuck woolery, yes, that chuck woolery of game show lore, is here to explain why. >>> a group of democratic heavyweights one up the president's fiscal cliff plan. forget hitting the rich. alcohol, cigarettes online gambling nothing is safe. will the payoff be worth of the pain? we'll debate it. >>> are the salvation army bell ringer jobs only for sexy ladies. one man claims he was fired make way for beautiful women. is it unfair or good business? even when they say it's not it is always about "money." melissa: all right. first let's take a look at the day's market headlines. you would think the markets would stop getting faked out by the fiscal cliff optimism, would you? but apparently
we have not seen him since the election. we have spoken about them, scene of you rumors about in. the new republican party. in answer, kinder party? we will find out. he will be on the job. have a good night. ♪ melissa: i'm melissa francis. here's what's "money" tonight. the aarp lashing out against proposed medicare reform but it may be trying to save its own skin. generati for america president chuck woolery, yes, that chuck woolery of game show lore, is here to explain why....
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Dec 10, 2012
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elections have consequences for both sides of the aisle. the president is very aware that he has a responsibility to now go to bat on immigration reform and it seems to be that in the house it's a small step. small private steps are being taken not by the people who put out press releases that don't really say much, but have lovely words to them. they're actually working on it. let's see. piecemeal, i think, will never work. >> margaret. >> i -- i think senator rubio's heart is pure on this, and i think he sees a great big huge bill trying to move it is harder than getting pieces that you can get coalitions on and get something through. you know, on the vote on that 44 point difference, you know, if republicans started speaking to latinos with some respect and not with words like self-deportation and let's fix -- let's close the fence as mccain did. they would be able to hear other parts of the republican message. you can't be sure that all of them are going to -- that they're not all going to be democrats one they're here in & here legal.
elections have consequences for both sides of the aisle. the president is very aware that he has a responsibility to now go to bat on immigration reform and it seems to be that in the house it's a small step. small private steps are being taken not by the people who put out press releases that don't really say much, but have lovely words to them. they're actually working on it. let's see. piecemeal, i think, will never work. >> margaret. >> i -- i think senator rubio's heart is pure...
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Dec 7, 2012
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is a $2 billion election too expensive? go to facebook.com/newsnation to vote. that will do it for this friday edition of "news nation." i'm craig melvin. "the cycle" is up next. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you fifteen percent or more. ♪ ♪ [ male announcer ] everyone deserves the gift of all day pain relief. this season, discover aleve. all day pain relief with just two pills. let's see if we can get the same item at walmart for less? okay. fijit friends. fifteen bucks on rollback. wow! that's a savings of over 29 bucks! twenty-nine bucks!!?? and they're powered by friendship. see for yourself if you could save on the brands you want. walmart. who have used androgel 1%, there's big news. presenting androgel 1.62%. both are used to treat men with low testosterone. androgel 1.62% is from the makers
is a $2 billion election too expensive? go to facebook.com/newsnation to vote. that will do it for this friday edition of "news nation." i'm craig melvin. "the cycle" is up next. oh...there you go. wooohooo....hahaahahaha! i'm gonna stand up to her! no you're not. i know. you know ronny folks who save hundreds of dollars switching to geico sure are happy. how happy are they jimmy? happier than a witch in a broom factory. get happy. get geico. fifteen minutes could save you...
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Dec 4, 2012
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ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >> oh, yeah. i think it will slow down again. i think people will hunker down, particularly are the whole fiscal cliff story hanging. even if it goes over, which i predict it will -- >> so do i. >> diana, what are you seeing? >> in the high ends where dolly works, of course it's going to have a big effect. let's keep this in perspective when we look at the housing recovery. homes price ed over $1 million were just 1.7% of sales in october. this is a minuscule amount when you look at the overall housing market and the recovery. that's why we're not seeing prices come dow
ever since obama won the election, we are now in deal mode. i have to tell you, we're going to have a stellar year. it's going to be at a price. the price is going to be -- january is probably going to be much worse than predicted. february, march, et cetera. we're borrowing for the future, yet again. >> that's a really good point. is this just a short-term thing? next year in 2013, once we see cap gains taxes go much higher, which they probably will, do things slow down again? >>...
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Dec 2, 2012
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our elected representative wouldn't involved. you mentioned that possibly through the bureau of alcohol, firearm and explosives what would happen is this would be a move by the administration that would go in to effect. without the legislature getting involved. >> that is the problem. shannon, you see the gun-grabbers in ice for years wanted to de -- in the united states for years want to deprive law-abiding citizens obtaining firearms, especially in this case semi-automatic firearms. there is move to try to been a the semi-automatic firearms or certain firearms but they probably will not get very far with this proposal. because there simply is not public support for it. so the gun grabbers would rely on the boy in the white house to use executive order in this way to try to been a them. to keep law abiding citizens from being able to obtain the firearms for legitimate purposes. >> shannon: the white house each time that the gun rights issue has come up said the president and the white house have no intention at all of depriving
our elected representative wouldn't involved. you mentioned that possibly through the bureau of alcohol, firearm and explosives what would happen is this would be a move by the administration that would go in to effect. without the legislature getting involved. >> that is the problem. shannon, you see the gun-grabbers in ice for years wanted to de -- in the united states for years want to deprive law-abiding citizens obtaining firearms, especially in this case semi-automatic firearms....
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Dec 3, 2012
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this is a status quo election. the president had a great re-election. house republicans own the house and democrats the senate and they have to sit down and do negotiating and it isn't boehner versus geithner, it is basically can the house republicans buy a plan that basically they can sell to 218 members. and can the senate go along with that and if so will the president sign it and until they sit in a room and discuss all of those elements of it at this point in time you get people talking at each other with a lot of absurdity and the most absurd part, talking about $85 billion a year, in added revenue over a ten-year period. and we are spending over a trillion dollars in debt over year, and not even putting anything into it and republicans have been down the road before and they were promised 3-for-1, for every dollar in taxes, three cuts, it never happens and they are realizing, it is actually on the table, signed off on by all sides, they will not buy into it. >> chris: senator, did the president in the offer with so little in spending cuts and tax
this is a status quo election. the president had a great re-election. house republicans own the house and democrats the senate and they have to sit down and do negotiating and it isn't boehner versus geithner, it is basically can the house republicans buy a plan that basically they can sell to 218 members. and can the senate go along with that and if so will the president sign it and until they sit in a room and discuss all of those elements of it at this point in time you get people talking at...
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Dec 6, 2012
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than in elective office. it's a real help to the republicans in the senate because he has cost them the senate. he has done more damage to the senate and most especially to republicans in the senate than anyone else. he has backed these crazy, nutty tea parties who have gutted the republican nomination for senate in various states around the country, and then he went on to lose to democrats thereby preserving the democratic control of the senate, preserving harry he reed therei. he had become an absolute disaster within his own party. the big cheer today is in the republican caucus saying, finally, we're getting rid of our absolute craziest nut. >> very good. we congratulate them for that. another thing, lawrence, that happened today is governor bobby jindal wrote an op-ed in politico and he said, at present any reading the headlines over the past week indicates that republicans are fighting to protect the rich and cut benefits for senior. it may be possible to have worse political positioning than that, but
than in elective office. it's a real help to the republicans in the senate because he has cost them the senate. he has done more damage to the senate and most especially to republicans in the senate than anyone else. he has backed these crazy, nutty tea parties who have gutted the republican nomination for senate in various states around the country, and then he went on to lose to democrats thereby preserving the democratic control of the senate, preserving harry he reed therei. he had become...
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. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit
. >> reporter: in his first interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that...
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we go through a whole election, republican war on women. they don't want to pay for women's birth control. we know what life for women is like. in saudi arabia they can't drive. under the taliban they couldn't go to school or work. we see the stoning of women, women in saudi arabia, they need four male eyewitnesses for rape. all of this. where is the women's movement in this country now? where is obama, the chomp of women's rights -- the champon of women's rights? >> the obama administration and the left in the country believe so much that the muslim brotherhood is a very moderate movement, and the leader morsi is a very moderate statesman. this is why they do not believe that implementing the law will oppress women in egypt. it's like burying their heads in the sand, refusing to accept reality, and admit that everything that they believed about the muslim brotherhood and morsi is a lie. for them to admit that, it will force them to come up with different solutions to what we're facing in egypt, and they're not ready to face it. >> and we'r
we go through a whole election, republican war on women. they don't want to pay for women's birth control. we know what life for women is like. in saudi arabia they can't drive. under the taliban they couldn't go to school or work. we see the stoning of women, women in saudi arabia, they need four male eyewitnesses for rape. all of this. where is the women's movement in this country now? where is obama, the chomp of women's rights -- the champon of women's rights? >> the obama...
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Dec 9, 2012
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the election is over. but have you a president that thinks he has the moral high ground, as a result of the election on the tax issue. and you have the republicans that have an identity crisis and are ignorant. we need to walk away, the extreme wings of both parties ad have reasonable people sit down, realize what the pain really is and what it will do and start solving problems. >> do you think this is the medicine that the federal budget needs? >> no! i think the republicans need to concede and allow the tax rates on the top 2% to go up to 39.6%. on november 6, americans voted to have those tax rates go up. that was the difference between mitt romney's plan and the president's plan. americans have spoken. while the house, you know, is still controlled by republicans, the senate and the white house are control bide democrats. and republicans need to make concessions in order to allow us not to go off the cliff. while that won't be the end of the world, we don't want to go off the cliff and have the stock
the election is over. but have you a president that thinks he has the moral high ground, as a result of the election on the tax issue. and you have the republicans that have an identity crisis and are ignorant. we need to walk away, the extreme wings of both parties ad have reasonable people sit down, realize what the pain really is and what it will do and start solving problems. >> do you think this is the medicine that the federal budget needs? >> no! i think the republicans need...
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Dec 3, 2012
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it would coincide with south korea's presidential elections. take a look at the latest satellite photo of the launch site. south korean news agencies reporting the first stage of the rocket has been put in place. martha: we've been watching the aerial videos over the course of the last week to see changes and movement in them. greg palkot joins me live from london. greg, what do we know about this? >> reporter: north korea confirming over the weekend what we told you about on friday it is set to lawn of another rocket in the coming days. according to south korean military sources now that the first stage is set up northwest of pongyang another two stages could be assembled and fueling taken care of in three to four days for a launch window ready to set up on december 10th. north korea says it is for peaceful purposes. they want to put up a satellite. they worry it could be a the launch of missile with a long range payload. they tried this in april. we were there. they failed. the path. rocket this time is supposed to be about the same. it will
it would coincide with south korea's presidential elections. take a look at the latest satellite photo of the launch site. south korean news agencies reporting the first stage of the rocket has been put in place. martha: we've been watching the aerial videos over the course of the last week to see changes and movement in them. greg palkot joins me live from london. greg, what do we know about this? >> reporter: north korea confirming over the weekend what we told you about on friday it is...
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Dec 2, 2012
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he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increased budget cuts. then there will be a framework for next year. i think they will reach a deal next year. i don't think it's easy. but listen, this is all what politics is about. no one gets everything. you have a negotiation. that is what is going on now. negotiation. >> eric: when you say you think there are increaseded taxes or like increased revenues instead of the increased taxes like republicans want? >> here is what is at stake. economy is on the brink potentially of going to recession. that will have the worst impact on the deficit that anything will. we got to make su
he won the election. and he told the american people we were going to raise the rates on the top income earners. now that is what he is trying to do. i think there is some give here. i don't think it has to go up to 39.6. right now it's 35. maybe it goes up a point or two. listen, republicans need time to sort through all of this. there will be a short-term agreement. there will be a down payment with some increased taxes. some increased budget cuts. then there will be a framework for next...
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Dec 8, 2012
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republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on the middle class portion of in tax? >> i think if he was allowed to say, look, republicans wouldn't come along on this. >> paul: wait, wait, hold, hold. 20 million people will be hit-- more people would be hit by the alternative minimum tax, for example, if nothing happens. that's, that, and you know where the taxpayers are, james, i hate to tell you they're in your state, in new jersey, connecticut and in new york, and they're in california and illinois. a lot of places where democrats govern, becau
republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute,...
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Dec 10, 2012
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remember, the elect rat in an offyear election tends to be older and tends to be whiter. these guys are all about survival. they're not going to do anything that they think will make it more likely that someone more conservative than themselves would challenge them in a primary. for them it is about survival. >> what about the risks on the other side? are there risks for president obama in all of this? >> there's risk. you look at immigration, i tend to agree with democrats that he probably has a stronger hand given that republicans feel like they have to do something that he's wanted to do. but, remember, the president had his chance. he promised to do immigration reform in the first year of his first term. and he didn't do it. and he didn't do it when he had all democratic control. so he could have done it. he chose not to do it. so he's under a lot of pressure because he made that same promise again this election. there's a lot of hispanic leaders saying wait a second. you made that promise last time. you broke it. you made it this time. are you going to break it again
remember, the elect rat in an offyear election tends to be older and tends to be whiter. these guys are all about survival. they're not going to do anything that they think will make it more likely that someone more conservative than themselves would challenge them in a primary. for them it is about survival. >> what about the risks on the other side? are there risks for president obama in all of this? >> there's risk. you look at immigration, i tend to agree with democrats that he...
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Dec 2, 2012
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, elections of consequences. remember that famous soundbyte? obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their own money to make sure that president obama, his policies made it to the white house. you know, it was the exact opposite in just the republicans. some of the red states were some of the poorest states in the country. so i think it is very interesting that when you see average american citizens who happen to be making a little bit more money willing to sacrifice for the good of the country, i think that's a good message and something to get behind and stand on. >> lz, our producers are here, can we keep them over the break? i want
, elections of consequences. remember that famous soundbyte? obama ran on higher taxes for the wealthy and won. lz, shouldn't he be making the same argument? that is what he ran on. >> absolutely. you know what i find interesting, if you look at the statistics, many of the blue states that supported president obama are some of the richest states in the country. and so not only did you have him defeat romney pretty handedly in the electoral college, but people willing to sacrifice their...
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Dec 9, 2012
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republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on andis ... >> well, things in the middle east went from bad to worse this week with reports to the syrian military is preparing temp cal weapons that could be used against its own people, it's awaiting final orders from president assad. this as protesters clash with supporters of mohammed morsi outside the presidential palace in cairo egypt. in that country's largest confrontation since the uprising of hosni mubarak. we're back with daniel henninger and editorial board member matt comiskey. so, bret.
republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute,...
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. >>> now over to japan, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before submitting its fiscal 2013 plan in february. so a senior lawmaker predicts that the fiscal 2013 budget will not actually pass until mid may. that's more than a month into the new fiscal year. and if the government can't get the job done by the end of march, a provisional budget will be needed. opinion polls show the gap between the ldp and the ruling democratic party has been narrowing. that means if the ldp can't get their majority, these bills could be delayed even more. back to you, ross. >> all right, thanks for that. that's the late fres the nikkei. still to come, the business
. >>> now over to japan, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before...
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the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall street hasn't displayed more of an impact from this fiscal cliff nonsense? >> thomas, what wall street hates most of all is uncertainty and it's counterintuitive, there's actually plenty of certainty now. what's going to be certain is taxes are going up. either we go off the cliff or the curb and then taxes rise for everybody and then maybe they get repealed for the middle class and others or we reach a deal and taxes go up for the wealthiest 2% and everybody else breathes a sigh of relief. there's some $2 trillion in cash sitting on the balance sheets of corporate americ
the dow jones has slipped only about 200 points since the election. why isn't wall street more on edge itself? william cohen is the author of "money and power, hold goldman sachs came to rule the world." the labor department came out with the applications for unemployment aid saying it fell sharply for the last week and stocks basically opened flat this morning as we've seen. some of that has to do more with europe than it does with washington. but what is your reasoning for why wall...
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we are not elected to fix all the problems in washington. the president and the members of congress are here to do that. we are here to offer resources. [inaudible question] >> in our case, we talked about this just the other day. we felt it was imperative for us to focus on things republican and democratic alike. [inaudible question] connell: live coverage from the white house. the last speaker was scott walker. talking about the relationship between the local governments and the federal government over this fiscal cliff situation. our next guest is here to say, our point is, we need the government out of the markets and we need to get them out now. he is in d.c. today. what does that mean, you need to get the government out of the markets? >> you know the solution. they have to compromise. cut spending, cut entitlements and increase tax. that is the bottom line. there is just too much affecting this market. the word on the street is, by boehner, so read. we have to get the government out of the market. connell: you can see where the compro
we are not elected to fix all the problems in washington. the president and the members of congress are here to do that. we are here to offer resources. [inaudible question] >> in our case, we talked about this just the other day. we felt it was imperative for us to focus on things republican and democratic alike. [inaudible question] connell: live coverage from the white house. the last speaker was scott walker. talking about the relationship between the local governments and the federal...
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speaker boehner said, look, democrats won the election but they seem to have forgotten that republicans still control the house. at this point if there is any middle ground that has been found, it's happening behind closed doors. otherwise, publicly these lines in the sand do not appear to be any kind of shifting sand. >> all right. so publicly the lines in the sand. but what about face-to-face meeting? when is the next face-to-face meeting with the fiscal cliff. have they even attempted to schedule a meeting to talk about what could happen in the next few days? >> reporter: when we went into this weekend, there was an official who is very familiar with this situation who said that the white house and these congressional lead whose have the power to get past this impasse did not have any kind of future meetings on the books. we certainly didn't hear about any of those meetings on the sunday talk shows today, and no word that anything has been added to these calendars. >> all right. thank you very much. we appreciate it, emily. >>> double tragedy strikes an nfl team and the fans and coac
speaker boehner said, look, democrats won the election but they seem to have forgotten that republicans still control the house. at this point if there is any middle ground that has been found, it's happening behind closed doors. otherwise, publicly these lines in the sand do not appear to be any kind of shifting sand. >> all right. so publicly the lines in the sand. but what about face-to-face meeting? when is the next face-to-face meeting with the fiscal cliff. have they even attempted...
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he just won this election. it's not like the debt ceiling debacle in 2011 went over well with the american public. the american public was disgusted by it, it was brinks manship that people did not like to see, in a recession, they thought it endangered the economy, republicans also know that if you look at the polls and they look at the polls, that the public would blame them if we go over the fiscal cliff by a 2 to 1 margin. so i would say that right now, and i think even republicans would stipulate this, wolf. the president has the leverage here, i mean, republicans also know that if they were to go over the cliff that the tax cuts on the wealthy would increase. you could come back and undue the tax cuts on the middle class expiring. but the president's in a pretty good bargaining position here, which is why you see him sort of hold firm. >> what leverage do the republicans have? >> well, look, i think it -- they understand that for some liberals going over the cliff is okay, because liberals say, you know w
he just won this election. it's not like the debt ceiling debacle in 2011 went over well with the american public. the american public was disgusted by it, it was brinks manship that people did not like to see, in a recession, they thought it endangered the economy, republicans also know that if you look at the polls and they look at the polls, that the public would blame them if we go over the fiscal cliff by a 2 to 1 margin. so i would say that right now, and i think even republicans would...
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when we asked -- these are exit polls from november 6, from the last election, of course. should same-sex marriage be legally recognized, yes, 49%, no, 46%. obviously, the country is closely divided on this. but we have seen a little bit of a shift in the numbers. brian, do you think that the time has come that attitudes about this have changed and the court will go with that change? >> no, i don't think that's the case at all. i mean, look, six months ago, north carolina voted by over 61% to protect marriage as the union of a man and a woman. of course, there were the four deep blue liberal statings that voted to redefine marriage, but that's an indication of the future of the you country. there is no constitutional right to redefine marriage. our founding fathers didn't see it that way, the last supreme court decision, the united states supreme court said there was no federal question here. so this is essentially making the law up as you go along, it is reading into the constitution. i do not believe the united states supreme court is going to launch another culture war,
when we asked -- these are exit polls from november 6, from the last election, of course. should same-sex marriage be legally recognized, yes, 49%, no, 46%. obviously, the country is closely divided on this. but we have seen a little bit of a shift in the numbers. brian, do you think that the time has come that attitudes about this have changed and the court will go with that change? >> no, i don't think that's the case at all. i mean, look, six months ago, north carolina voted by over...
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(siren sounding). >> protesters setting a bus on fire over the upcoming elections. people are using rubber bullets to the crowd of demonstrators, at least two people killed and more than 100 injured. india, a rescue operation to save bounded elephant that dot stuck in this mud put. they were working to help get him out of the bud and a similar situation, and heavy machinery to get a mama elephant and her calf out of an open well. germany, three tons of cake, the handiwork of 20 bakers for the 19th dez den festival. this sold and that might be good cake. >> teas a wrap on this fox trip around the world. the philippines reeling from the powerful typhoon, suffered an emotional blow last night you might say when their nation's most famous athlete, boxer manny pacquiao, pacquia pacquiao, excuse me, the pac man is what he's called pretty much the way i've ever said it. and he was defeated in the 6th round. and in the audience none other than the republican nominee for president, mitt romney. and he and his wife ring side. a smoldering mess is all that's left of a crash, a
(siren sounding). >> protesters setting a bus on fire over the upcoming elections. people are using rubber bullets to the crowd of demonstrators, at least two people killed and more than 100 injured. india, a rescue operation to save bounded elephant that dot stuck in this mud put. they were working to help get him out of the bud and a similar situation, and heavy machinery to get a mama elephant and her calf out of an open well. germany, three tons of cake, the handiwork of 20 bakers for...
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there is a high from election? but this with the consumer confidence plunging how do you make sense of it so soon after the elections? >> it was a miserable election. wasn't it. the whole time we had a small conversation. the president ran a pretty negative campaign and didn't win a mandate on big stuff. he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together that you might have seen for, say, bill clinton or ronald reagan and their reelection. people are pretty bummed out. alisyn: tell us what the larger issue is. does this mean people won't be spending as much on christmas gifts in how do it translate to what it means to the economy? >> it's always hard to reconcile how people feel and how they act. we know you may feel like you shouldn't spend a lot of money but when push comes to showf end up buying an extra gift. soy don't think it means christmas is doomed. but like you were sayin
there is a high from election? but this with the consumer confidence plunging how do you make sense of it so soon after the elections? >> it was a miserable election. wasn't it. the whole time we had a small conversation. the president ran a pretty negative campaign and didn't win a mandate on big stuff. he did talk about his desire to increase taxes which may go to melissa's point. but after an elect like this. there isn't that goodwill. there isn't that kind of national coming together...
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majority of states, four out of five states, the people have chose on the either vote themselves or their elected representatives to stake with traditional marriage. >> reporter: for paul and jeff, the supreme court decision is personal. they launched the challenge to prop 8 seeking the right to marry. >> sometimes the court system needs to nudge us forward to be a better, more united america. >> reporter: the court could rule in a way that impacts same- sex marriage only in california and does not affect the rest of the country. >> movements are a mix of things and you have to kind of take the ups with the downs. >> reporter: the court will hear the marriage cases in march. a decision will probably come by the end of june. john blackstone, cbs news, san francisco. >> pelley: john, thank you. the court also said today it will hear a second case on same- sex marriage. that case is a challenge to the current law that denies married same-sex couples the same federal benefits as other married couples. we checked with the census bureau today and they told us there are just over 600,000 same-sex couple
majority of states, four out of five states, the people have chose on the either vote themselves or their elected representatives to stake with traditional marriage. >> reporter: for paul and jeff, the supreme court decision is personal. they launched the challenge to prop 8 seeking the right to marry. >> sometimes the court system needs to nudge us forward to be a better, more united america. >> reporter: the court could rule in a way that impacts same- sex marriage only in...
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they're very upset that their newly elected democratically elected president morsi is doing things that are not so democratic. he is trying to make it so his decisions are not subject to judicial review. at least six civilians have been killed and hundreds injured in the violence. president obama called his egyptian counterpart yesterday to express concern about the situation that seems to be spinning out of control. he urged president morsi to meet with and negotiate with the opposition. >>> and then there is syria, where nbc news reports the assad regime is preparing chemical weapons that can be loaded onto missiles. and human rights groups say more than 40,000 people have been killed in the last 21 months. we here in america are really intent right now on how we will rewrite our tax code. but if matters in egypt and syria or israel and the palestinian territories which are already getting pretty deadly and tragic and chaotic, if they get worse, the crisis about high end marginal tax cuts and budget deficits will begin to look a lot less like a crisis in comparison. try running four.n
they're very upset that their newly elected democratically elected president morsi is doing things that are not so democratic. he is trying to make it so his decisions are not subject to judicial review. at least six civilians have been killed and hundreds injured in the violence. president obama called his egyptian counterpart yesterday to express concern about the situation that seems to be spinning out of control. he urged president morsi to meet with and negotiate with the opposition....
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in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've already made and the further reforms and entitlements that i'm prepared to make, that we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. p what i've suggested is let's essentially put a down payment on taxes. let's let tax rates on the upper income folks go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform, we look at what loopholes and deductions both democrats and republicans are willing to close, and it's possible that we may be able to lower rates by broadening the base at
in his first interview since the election, president obama reiterated his demand that any deal must raise taxes on the highest earner. yesterday obama also appeared to showroom for flexibility on actually relowering those tax rates in the future. >> i don't think that the issue right now has to do with sitting in a room. the issue right now that's relevant is the acknowledgement that if we're going to raise revenues that are sufficient to balance with the very tough cuts that we've...
WHUT (Howard University Television)
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Dec 10, 2012
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the target of their defiance is an elected president. what they are worried about is this new constitution that was it sped through a process and the referendum on it that is due to be held. the president, mohamed morsi, says it will be held on saturday. the opposition says it will stand firm. it does not want the referendum. it thinks the constitution is a flawed document. george.fraid we lost we will try to get him back. one of the opposition leaders has been speaking about the situation. we can hear what he had to say. >> we are not aiming at topping -- toppling the president. we are not aiming at challenge in the sovereignty of the state. we're not aiming at doing anything that would lead to disintegration of the state. no. why should we make the people swallow a constitution that could have been much better and should have been much better? >> george is back with us. let's have another go. >> the argument over this referendum over the constitution means that politics is always to the fore. politics is what grabs the headlines. there
the target of their defiance is an elected president. what they are worried about is this new constitution that was it sped through a process and the referendum on it that is due to be held. the president, mohamed morsi, says it will be held on saturday. the opposition says it will stand firm. it does not want the referendum. it thinks the constitution is a flawed document. george.fraid we lost we will try to get him back. one of the opposition leaders has been speaking about the situation. we...
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they're very upset that their newly elected democratic president morsi is doing things that they not so democratic. he is trying to make it so his decisions are not subject to judicial review. at least six civilians have been killed and hundreds injured in the violence. president obama called his egyptian counterpart yesterday to express concern about the situation that seems to be spinning out of control. he urged president morsi to meet with and negotiate with the opposition. >>> you probably saw a really cool image. a nighttime view of the earth from space. nasa was able to show us this image, thanks to a new satellite equipped with something called visible infrared imaging radiometer suite. but this image of the globe from space is not what you might think it is. we do not have a camera far enough away from earth to get an image of the whole thing. it's a composite knitted together from data taken by the satellite as it made several passes around the earth. lots of the cool pictures you see like of hurricanes from earth are actually composites. anything close enough to the earth
they're very upset that their newly elected democratic president morsi is doing things that they not so democratic. he is trying to make it so his decisions are not subject to judicial review. at least six civilians have been killed and hundreds injured in the violence. president obama called his egyptian counterpart yesterday to express concern about the situation that seems to be spinning out of control. he urged president morsi to meet with and negotiate with the opposition. >>> you...
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situation where you move to a different type of constitution in which people can have a say in e lebl electing the government and where the countries have put in a more stable issue. so this is fantastically difficult. again, what we've seen in the middle east, we saw it in iraq and now in syria. once you lift the lid off of these very repressive regimes, out comes this religious, ethnic, tribal tense. >> how worried are you about the situation in egypt? >> i think egypt is key to the region. you've got to be extremely worried when you see instability affecting egypt. this is, again, these are the birth pains of proper democracy in some ways. but this struggle is immensely important because obviously, what is important in these countries, where they've moved to a democratic system, is that there is a clear understanding. it's a way of thinking. and part of that way of thinking is that you've got to preblgt minorities. you've got to -- democracy doesn't function unless it is accompanied by an open mind. and so, you can understand there is a lot of anxiety in egypt about the constitutional propo
situation where you move to a different type of constitution in which people can have a say in e lebl electing the government and where the countries have put in a more stable issue. so this is fantastically difficult. again, what we've seen in the middle east, we saw it in iraq and now in syria. once you lift the lid off of these very repressive regimes, out comes this religious, ethnic, tribal tense. >> how worried are you about the situation in egypt? >> i think egypt is key to...
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that's right, on election day. up next, pro-democracy, protests turning increasingly violence in egypt. how long dii can -- how long can president morsi remain silent, and how long did president obama do nothing? we'll ask lou: this is just in. a senior u.s. official as telling fox news that serious military has mixed chemical weapons and apparently is ready to use them. the chemical weapon has assembled a deadly nerve gas. the syriaa military has about 60 days in which to use this until it expires. it will then need to be destroyed. joining us now is the "a-team." james toronto, mary anne marsh, bradley graham. thank u all for being here. the national debt to the fiscal cliff. what are your thoughts? >> i don't think it matters all that much. i agree with bill clinton's comment from the earlier segment. >> im agreeing with him as a matter of analysis. it doesn't appear that obama is aiming to do something big and constructive here. he is aiming for a victory on a small point of dispute. that is sort of the lowest
that's right, on election day. up next, pro-democracy, protests turning increasingly violence in egypt. how long dii can -- how long can president morsi remain silent, and how long did president obama do nothing? we'll ask lou: this is just in. a senior u.s. official as telling fox news that serious military has mixed chemical weapons and apparently is ready to use them. the chemical weapon has assembled a deadly nerve gas. the syriaa military has about 60 days in which to use this until it...